While an emergency fundโs primary goal is safety and immediate availability.
Why let it sit idle when you can have it in HYSAs or money market funds that can safely earn upto 4% (or more) while still remaining fully liquid and accessible?
Your emergency fund isn't supposed to earn you anything
Its whole job is keeping a flat tire from becoming a credit card balance
Boring money is still doing work
How many months of expenses do you keep parked?๐
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Is HER future protected?
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@BillWiIdin Premium was increased because insurers use information such as driving history, accidents, location, repair costs and market conditions to estimate future claims.
@BillWiIdin Where did your $48,000 go?
Your insurer uses the premiums it collects to pay for others contributing to the shared pot who got involved in accidents, injuries, legal cost, claims investigations, administration, other business expenses and they also need to make a profit.